European Investment bank funds first Tampere Tramline

The European Investment bank has provided a EUR 150m loan to the City of Tampere, Finland for the construction the first section of its tramline, connecting the city centre and eastbound suburbs, scheduled to open in 2021. The construction of the 15km long tramline is divided into two sections. Section 1 covers the construction of the route, linking the city centre, from Pyynikintori, with two branches:
October 2, 2017 Read time: 1 min

The 4270 European Investment bank has provided a EUR 150m loan to the City of Tampere, Finland for the construction the first section of its tramline, connecting the city centre and eastbound suburbs, scheduled to open in 2021.

The construction of the 15km long tramline is divided into two sections. Section 1 covers the construction of the route, linking the city centre, from Pyynikintori, with two branches: one serving Hervanta and Tampere University of Technology; and the second serving the eastbound suburb of Tampere University Hospital, which also includes the construction of a depot in Hervanta. Section 2 covers the line westbound from Pyynikintori to Lentävänniemi via Lielahti.

EIB Vice-President Alexander Stubb said: “The first tramway line will make everyday life and transportation easier in Tampere. It also will make the city greener and transform it into a more attractive and accessible place to live and work, making the whole region more competitive. This underpins the values the EIB stands for.”

For more information on companies in this article

Related Content

  • AV/ridesharing mix wins major auto investment
    May 5, 2016
    The US has a new trend in personal mobility and David Crawford takes a closer look. US automaker General Motors and ridesharer Lyft’s announcement of a strategic partnership aimed at delivering, over time, an integrated network of on-demand autonomous as well as conventional vehicles has taken the nation’s car industry from traditional manufacturing to new arenas.
    Read More
  • Siemens offers Stamford a ‘bird’s eye view’
    April 29, 2019
    Stamford, Connecticut is a vibrant, diverse community overlooking the Long Island Sound, within commuting distance of New York City. Stamford hosts the largest financial district in the greater New York metro area outside of Manhattan and is home to a high concentration of large corporations and corporate HQs. With a population of 130,000, Stamford is Connecticut’s third largest city and the fastest-growing municipality in the state. Like many US cities, Stamford had previously relied on an antiquated traf
    Read More
  • Copenhagen to showcase ITS in action at ITSWC 2018
    December 18, 2017
    As delegates head for the 2017 ITS World Congress in Montreal, we talk to Copenhagen mayor Morten Kabell about why his city is the ideal location for next year’s event. It may have been a long time coming but the ITS World Congress will be in Copenhagen in 2018 and there can be few more fitting places to host the event. By any number of metrics - interconnected transport, cycle commuting, safer streets, reduced pollution, sustainable energy and quality of life - the Danish capital has implemented what m
    Read More
  • Moovit and Distribusion team up for travel
    January 29, 2025
    Network of European transport operators will be connected to mobility app
    Read More

Highlighted Content